And the u. S. Keep talking trade, we dont know when this thing ends or how much further it goes. Sit back and enjoy the ride, today is august 25, the dow of 378, yesterday up another 150th opening bell today, the s p record high close up some more this morning. The nasdaq looks like its going to be down a few points. Were going to show you apple, premarket trading worth 2. 15 trillion and there is speculation that there is iphone production to mexico, more of that in a moment. At the convention the republicans attacked the biden harris ticket as a looming disaster. Dynamic speeches from tim scott and nikki haley and the president as surprise appearance and a vocal audience preview will see it. Day two, melania speaks tonight, rand paul, eric and tiffany trump, you will see that too. I gotta say this, our heart goes out to louisiana, mississippi, texas and neighboring states. Marco faded but here comes laura. Landfall probably tomorrow, could be a cat two or three storm the people of ga
Massive rally on the heels of the stunning may jobs report 2. 5 million jobs added last month and the biggest increase ever and economists were looking for payrolls to drop by more than 8 million and major indices were 50 above their march 23rd lows and four s p 500 sectors were now positive for the year and the Consumer Discretionary hitting an alltime high guy, does this make sense . Amazing not to me, it doesnt, clearly. And ive been saying this now and it seems like the last 300 or so s p points and its been steadfast and hes been in that camp, as well. Just on the terms of a backdrop on a lot of Different Things it doesnt make sense, but if you strip out everything that weve seen, you start doing the math on this thing and you look at the s p 500 market cap over gdp, youre talking about levels that are nosebleed and nosebleed i mean 150 and a lot of that talk about it as the buffett indicator and it typically is unsustainable and if you start to do the math on the multiple and i u
Points it is now up 10 in the month of april, but still, down 15 on the year the nasdaq and Big Technology once again, the big winner it gained 1. 4 today, 6 from the nasdaq this week, and many of the most beatenup names and some of the ones exposed to the consumer and a shutdown economy riding the most rising the most on this friday well come, everybody i am Brian Sullivan and we have the great trader line urp. Guy adami, tim seymour, jeff mills will join us in moments. There is a lot to do, by the way and chew on from the macro standpoint, but well begin with a deep dive into one of the worlds most owned if not the mostowned stock in the world and that is apple. Goldman sachs on this friday says it is time to sell apples stock. They believe that iphone demand will continue to fall as consumers dry up and also this is interesting, guy adami, that lack of travel, the inability to physically be with each other might cause delays because engineers and product designers simply cant get to
We have peace at least speaking for myself i have a very 1st real relationship and he has with me im possibly the only one he has that kind of relationship with in the world they call the hermit kingdom i know a lot about his firm and gave them but i have a very Good Relationship if you would have listened to president obama would be world war 3 right now so well see what happens and look we are working our militarily than we ever ever been at i will tell you what i took over the United States military when i became commander in chief our military was depleted our roads or was in trouble you know that better than anybody we had over the plains we had all everything we have ammunition now we have the most powerful military very apt and were by far the most powerful country in the world and hopefully we dont have to use it but if we do well use it really if we have to well do it but you know my relationship with kim jong il is really good but that doesnt mean he he wont abide by the. Rig
Acknowledges its Security Forces killed people it called rioters during recent protests. And disabled and a country at war will look at the plight of yemens most vulnerable people. With the sport as book says and the ruiz jr and Anthony Joshua get ready for a heavyweight rematch in riyadh. Now its a gathering to celebrate the 70th anniversary of the welds biggest military alliance but even before the nato summit gets underway in london divisions are strongly on show among members from both sides of the atlantic president has his house at french president. He and nato secretary general Ian Stoltenberg both reacted shoppy to my recent description of nato as quote brain dead. 1st they got to be here for the United States because the United States is. In the mountains and i heard the president would grow very brave think its very insulting to a lot of different. Men to govern really need to. Be true is not. Just to the northeast or. The nuns. To the horrendous or the 1st thing you know its